United Services Automobile Association cut its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 4.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 267,918 shares of the retailer’s stock after selling 12,009 shares during the period. United Services Automobile Association owned approximately 0.06% of Costco Wholesale Corporation worth $44,927,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp boosted its stake in shares of Costco Wholesale Corporation by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock valued at $1,048,798,000 after buying an additional 79,201 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Costco Wholesale Corporation by 62.0% in the first quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock valued at $768,568,000 after buying an additional 1,753,741 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Costco Wholesale Corporation by 4.1% in the first quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock valued at $544,809,000 after buying an additional 129,106 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Costco Wholesale Corporation by 15.2% in the first quarter. American Century Companies Inc. now owns 2,197,302 shares of the retailer’s stock valued at $368,466,000 after buying an additional 289,788 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Costco Wholesale Corporation by 26.2% in the first quarter. Swiss National Bank now owns 1,597,008 shares of the retailer’s stock valued at $267,802,000 after buying an additional 331,400 shares during the last quarter. 72.51% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Corporation (COST) traded up 0.14% during mid-day trading on Tuesday, reaching $152.76. The company had a trading volume of 564,200 shares. The stock has a market capitalization of $67.00 billion, a price-to-earnings ratio of 26.52 and a beta of 0.93. Costco Wholesale Corporation has a 52-week low of $142.11 and a 52-week high of $183.18. The company’s 50 day moving average is $155.03 and its 200 day moving average is $167.02.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a $0.50 dividend. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, August 16th. This represents a $2.00 annualized dividend and a yield of 1.31%. Costco Wholesale Corporation’s dividend payout ratio is presently 34.66%.

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Several analysts have issued reports on the company. Bank of America Corporation restated a “buy” rating and set a $192.00 price objective (up previously from $180.00) on shares of Costco Wholesale Corporation in a research note on Sunday, May 28th. Deutsche Bank AG set a $172.00 price objective on Costco Wholesale Corporation and gave the company a “hold” rating in a research note on Monday, July 31st. Wells Fargo & Company restated a “hold” rating on shares of Costco Wholesale Corporation in a research note on Friday, May 26th. UBS AG upgraded Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, June 26th. Finally, BMO Capital Markets cut Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $185.00 to $160.00 in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $179.56.

In related news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $160.28, for a total value of $160,280.00. Following the completion of the transaction, the director now owns 5,974 shares of the company’s stock, valued at approximately $957,512.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP James P. Murphy sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $181.30, for a total transaction of $906,500.00. Following the completion of the transaction, the vice president now directly owns 48,845 shares of the company’s stock, valued at approximately $8,855,598.50. The disclosure for this sale can be found here. In the last three months, insiders sold 15,000 shares of company stock valued at $2,677,430. 0.74% of the stock is owned by insiders.

About Costco Wholesale Corporation

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.

Institutional Ownership by Quarter for Costco Wholesale Corporation (NASDAQ:COST)

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